8 May, 2016 @ 16:28
1 min read

Spanish ride-sharing app receives €106m in funding

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taxiONE of the main rivals to revolutionary ride-sharing app Uber has received €106m in its latest round of funding.

Cabify, which operates in Malaga, across Spain and in Latin America, is now valued at €283m.

The app says it operates a business-focused service, with clients including Google, Visa and Allianz, while all their drivers are required to wear suits.

The news is welcome for a service that remains an underdog in a competitive market.

Rival apps BlaBlaCar and GrabTaxi are valued at €1.4bn and €1.3bn respectively.

Laurence Dollimore

Laurence Dollimore is a Spanish-speaking, NCTJ-trained journalist with almost a decade’s worth of experience.
The London native has a BA in International Relations from the University of Leeds and and an MA in the same subject from Queen Mary University London.
He earned his gold star diploma in multimedia journalism at the prestigious News Associates in London in 2016, before immediately joining the Olive Press at their offices on the Costa del Sol.
After a five-year stint, Laurence returned to the UK to work as a senior reporter at the Mail Online, where he remained for two years before coming back to the Olive Press as Digital Editor in 2023.
He continues to work for the biggest newspapers in the UK, who hire him to investigate and report on stories in Spain.
These include the Daily Mail, Telegraph, Mail Online, Mail on Sunday and The Sun and Sun Online.
He has broken world exclusives on everything from the Madeleine McCann case to the anti-tourism movement in Tenerife.

GOT A STORY? Contact newsdesk@theolivepress.es or call +34 951 273 575 Twitter: @olivepress

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